Nuveen Floating Rate Income Fund (NYSE:JFR) Short Interest Update

Nuveen Floating Rate Income Fund (NYSE:JFR) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 222,900 shares, a growth of 158.3% from the October 31st total of 86,300 shares. Based on an average daily volume of 474,300 shares, the days-to-cover ratio is currently 0.5 days.

Insiders Place Their Bets

In other Nuveen Floating Rate Income Fund news, insider Albin F. Moschner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $8.77, for a total transaction of $175,400.00. Following the completion of the sale, the insider now directly owns 13,400 shares in the company, valued at approximately $117,518. The trade was a 59.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Nuveen Floating Rate Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its stake in Nuveen Floating Rate Income Fund by 36.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,500 shares of the company’s stock worth $39,000 after acquiring an additional 1,200 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Nuveen Floating Rate Income Fund in the third quarter valued at $65,000. Avior Wealth Management LLC raised its holdings in shares of Nuveen Floating Rate Income Fund by 122.9% in the 3rd quarter. Avior Wealth Management LLC now owns 10,750 shares of the company’s stock valued at $95,000 after buying an additional 5,927 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Nuveen Floating Rate Income Fund by 13.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 15,446 shares of the company’s stock valued at $134,000 after acquiring an additional 1,806 shares during the period. Finally, Carolinas Wealth Consulting LLC acquired a new position in Nuveen Floating Rate Income Fund in the 2nd quarter valued at about $167,000.

Nuveen Floating Rate Income Fund Price Performance

JFR opened at $9.12 on Friday. The company’s 50 day simple moving average is $8.89 and its two-hundred day simple moving average is $8.82. Nuveen Floating Rate Income Fund has a 1-year low of $7.94 and a 1-year high of $9.13.

Nuveen Floating Rate Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.085 per share. The ex-dividend date is Friday, November 15th. This represents a $1.02 annualized dividend and a dividend yield of 11.18%.

About Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans.